‘Global Tariffs’ Only 15% for Some Countries? Grier: Higher Tariffs if Trade Agreements are Not Fulfilled
Jamie Grier from the U.S. Trade Representative's office announced plans to impose higher tariffs for certain countries, with a potential increase to over 15% if trade agreements are violated.
Even if unfair practices are repeated by newly established subsidiaries... the Fair Trade Commission reduces the penalty by 260 billion won
The Fair Trade Commission of South Korea has significantly reduced fines for unfair business practices due to loopholes in its self-reporting rules.
President Yoon: "Instead of a lottery, let's expose collusion and offer hundreds of billions in rewards for reporting"
President Yoon Suk-yeol advocates for substantial rewards to encourage the reporting of unfair trade practices like collusion in order to improve market fairness in South Korea.
Trump announces increase in global tariffs to 15%
U.S. President Donald Trump has announced an increase in global import tariffs from 10% to 15% as part of his economic strategy to rectify what he calls decades of unfair trade practices that have harmed the American economy.
Mexico starts administrative anti-dumping procedure against cold-rolled steel
The Mexican government has initiated an administrative investigation into unfair trade practices regarding the import of cold-rolled steel from the US, Malaysia, and China.